Technology

Nvidia backs Indian startup helping companies run AI models with fewer GPUs

Summary

Nvidia is supporting an Indian startup that helps businesses operate artificial intelligence models using fewer graphical processing units. This developer reported significant revenue growth over a recent six-month period, driven largely by customers in the United States market.

Simplismart says its annualized revenue run rate has grown 14-fold in six months, with the U.S. accounting for more than half its revenue.

Source: Read the full story at TechCrunch

Follow Tech & Money Press for daily watchlists and market news

XFacebookInstagram
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.
About UsContactPrivacy PolicyDisclaimer
Not financial advice. Curated headlines link to their original publishers.